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Arabs Are On A Shopping Spree

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🇦🇪 🇦🇪 The Arabs Are On A Shopping Spree: DP World is in talks to acquire Cargo Services Far East Ltd. from Hong Kong tycoon John Lau as the Dubai port operator seeks to expand in Asia

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EU And China Sunmit In Dec

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🇪🇺 🇨🇳 Event Alert: The European Union and China are set to hold a summit on Dec. 7-8

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Tesla Enters Chile

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🇨🇱 🇨🇱 Tesla Inc. (TSLA) is taking steps to begin operations in Chile, a country with the world’s biggest reserves of lithium but still low penetration of electric vehicles
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CATL Overtakes Panasonic

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🇨🇳 🇰🇷 CATL, as the Chinese giant is known, and LG Energy both had 28.1% of the global market ex-China in September, Seoul-based SNE said in a report. Japan’s Panasonic Holdings Corp. ranked third with a 14.7% share

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China: Xi Is Making A Big Mistake

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🇨🇳 🇨🇳 Xi Is Making A Big Mistake: A $5.5 billion selloff in Ping An Insurance is underscoring why a mooted takeover of distressed developer Country Garden would be perilous for both the insurer and the Chinese financial system

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Ether Jumps

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🚨 🚨 BREAKING: Ether has hit its highest since April, above $2115
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OCBC Profits At A New High

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🇸🇬 🇸🇬 Oversea-Chinese Banking Corporation (OCBC) has reported a net profit of $1.81 billion for the 3QFY2023 ended Sept 30, 21% higher y-o-y and 6% up q-o-q. This brings the bank’s net profit for the 9MFY2023 to a record $5.4 billion, 32% higher y-o-y
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Fed’s Bostic Stresses Higher For Longer

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🚨 🚨 Fed’s Bostic: We will remain restrictive until we’re sure about 2% inflation

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Market Sees BOE Rate Cuts In 2024

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🇬🇧 🇬🇧 Economist poll now sees the Bank of England cutting rates in Q3 2024

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